The KC Stadium

Next Game

Hull City v So'ton

Saturday, 01 November 2014, 15:00

Barclays Prem

Anfield

Last Game

Liverpool 0 - 0 Hull City

Saturday, 25 October 2014, 15:00

Barclays Prem

Allam investment reaches £72m

Hull City owner Assem Allam invested a further £24million of his personal fortune into the club on their way to promotion to the Premier League last season, latest accounting figures show.

Last Updated: 05/12/13 at 16:32 Post Comment

Assem Allam: Hull City owner has now invested £72million in the club

Assem Allam: Hull City owner has now invested £72million in the club

More of the games that matter

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

Allam, who has come under fire from sections of fans in recent months over his controversial plans to change the name of the club from Hull City AFC to Hull Tigers, has now pumped £72m into the club since taking charge in 2010 following their relegation to the Championship.

Despite earning promotion back to the top flight, Hull's accounts for the year ending July 31 2013, which were made available by Companies House this week, also show pre-tax losses of £25,628,171.

That figure is nearly £17m up on the £8,771,007 loss recorded 12 months earlier.

The club's turnover last season was £11,075,152 - only a slight change from £11,042,457 - while the value of City's playing squad as at July 31 was put at just over £14m - up from around £3m in 2012.

The directors of Hull City Tigers Limited - which has been the business name of the club since the spring - consider their future prospects to be "satisfactory".

The directors added in the account summary: "The directors made the ambitious decision to go for promotion and to this end invested heavily in the club.

"Steve Bruce, a leading manager, was appointed and he was provided with sufficient funds to augment and improve the squad.

"An amount of £24million was advanced by the parent company [Allamhouse Limited] earlier in the year, which brings the total amounts so provided to £72million at the year end."

More of the games that matter

Watch Manchester City v Manchester United live only on Sky Sports this Super Sunday. Upgrade in minutes or watch with a NOW TV Day Pass.

Related News

Most Commented

Readers' Comments

H

e might be on a hiding to nothing, but I cannae feel any sympathy- You want to know why? Shakira. That's why.

hairpolice
Pique Taking Blame Burden Again...

A

nd this season must feel like one long sigh at the Emirates . Yep, exactly that. Except for Alexis Sanchez, he's ace.

cheshire-gooner
Is Mario Balotelli's Talent Even That 'Obvious'?

H

ey! At least put our first clean sheet in a gazillion years in the winners section. Curse you F365 *shakes fist*

fouloleron
Is Mario Balotelli's Talent Even That 'Obvious'?

Footer 365

Championship Chat: Owner hurting Leeds

James Dixon calls for Leeds owner Massimo Cellino to stop interfering in the club and also blasts the heads of Birmingham and Blackpool.

Transfer News: Hull's Tom Ince joins Nottingham Forest on loan until December 28

Nottingham Forest have signed Tom Ince on loan from Hull City on a deal until December 28.

Blackpool confirm appointment of Lee Clark as manager on rolling contract

Lee Clark has been confirmed as the new manager of Championship club Blackpool on a one-year rolling contract.

Mail Box

Wenger Kept His Pride By Turning Down Cesc

What message would it have sent if Wenger had allowed those that walked out to stroll back in? Plus, why Pochettino needs to adapt and the folly of limiting yourself...

You Can't Laud Rodgers But Lambast AVB

If Rodgers is praised despite Suarez, you can't say AVB only did well through Bale. Plus, a lot more of 2Players1Name, and why Tom Huddlestone set a trend...

© 2014 British Sky Broadcasting Ltd. All Rights Reserved A Sky Sports Digital Media property